EU tells Germany, France and Italy to do more to cut government debt

By The Associated Press
International Herald Tribune
BRUSSELS, Belgium: Germany, France and Italy should make “greater efforts” to bring down government debt by 2010, the European Commission said Tuesday, urging them to use higher-than-expected tax receipts to balance the books. Though Germany and France won praise for bring their budget deficits down quickly and effectively in 2006, the council said that progress does not end here, and that there is still more work to be done…more